KITCO: Four Decades of Service to the Industry
KITCO, the first Technical Consultancy Organisation (TCO) in India, was established in 1972 by Industrial Development Bank of India, other national and state level financial institutions, Govt. of Kerala and 7 Public Sector Banks for rendering services to Entrepreneurs, Govt. Departments/PSUs, Local Bodies, etc. Presently, Small Industries Development Bank of India (SIDBI) is the prime shareholder with 49.77% shares of the company.

The aim of setting up of TCO, which had the blessing of Govt. of India and the Reserve Bank of India, was to provide professional technical consultancy assistance to banks by appraisal of projects for priority sector lending and to entrepreneurs in the SME Sector by way of preparation of Project Reports & Market Studies and conducting training programmes for entrepreneurship development. Subsequently similar TCOs were set up in almost all the states with one of the National Financial Institutions (IDBI, IFCI or ICICI) as the prime shareholder.

Over the years, in line with the dynamic nature of its clients’ requirements, KITCO has evolved into a multi-functional and multi-disciplinary organization offering a wide range of services to the industrial and infrastructure sector and to a wider spectrum of clientele including those outside the geographic bounds of Kerala. The diversification enabled KITCO to offer consultancy services for implementation of projects under one roof from “Concept to Commissioning” and obtain a stamp of approval from clients in other areas like Operation & Maintenance, Energy Audits, Asset Valuation, Skill Certification, Placement Services, etc.

The major services offered by KITCO are Project Consultancy, Detailed Engineering & Project Execution, Technical Services, Environmental Engineering and HRD Consultancy. During the past 40 years, KITCO has extended consultancy services to a wide range of clientele, mainly public sector undertakings and various Departments of Govt. of India & Govt. of Kerala.

KITCO has implemented more than 600 projects of varying magnitude across sectors like Airports, Office & Commercial Buildings, Institutional Buildings, Tourism, Industrial Parks/SEZs, Roads & Bridges, Industrial Plants, Water Supply Systems, Effluent Treatment Plants, etc and prepared more than 3500 Feasibility Reports/Bankable Project Reports/Detailed Project Reports/Study Reports. KITCO has been successfully providing the Operation & Maintenance services for two leading SEZs in the country – Cochin Special Economic Zone at Kochi and MEPZ SEZ at Tambaram.

KITCO has trained more than 80,000 entrepreneurs through Entrepreneurship Development Programmes in various sectors. KITCO has been accredited as the Assessing Body under Skill Development Initiative (SDI) scheme of Ministry of Labour & Employment, Govt. of India and so far assessed more than 60,000 candidates from various State and Union Territories.

KITCO has successfully implemented projects like Cochin International Airport Ltd., Titanium Sponge Project, International Marina, Cochin Special Economic Zone, etc and presently implementing a multimodal Mobility Hub at Cochin, all of which are first of its kind in the country in their own respect. KITCO has successfully completed the Phase-1 of CIAL Golf Course & Country Club and Ghallah Wentworth Golf Course at Muscat, Sultanate of Oman, thereby establishing itself in an area, which was considered to be the forte of European Consultants. The prestigious overseas assignments KITCO so far has completed include the technical evaluation of electrical power distribution network at King Abdul Aziz International Airport, Jeddah.

KITCO has a full-fledged office facility at Cochin with more than 250 competent and highly qualified professionals in various branches of engineering and also in the fields of Finance, Economics, Management, Information Technology, etc. Apart from the above, to meet the requirements from time to time, KITCO has a panel of Specialist Consultants in various fields. KITCO’s revenue during 2012-13 was Rs.372.02 million. The company has been paying dividend consistently since 1997-98.
 
   
 
 

 

 
 
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